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News BYTES: Scottsdale City Council to get financial primer, report next week

Photo of City Offices where Scottsdale City Council matters are discussed
Scottsdale City Council is back in session 4 p.m. Tuesday, Jan. 10, at City Hall, 3939 N. Drinkwater Blvd., the municipal calendar states. (Photo: Arianna Grainey/DigitalFreePress.com)

Scottsdale City Council is back to work Jan. 10

By Terrance Thornton | Digital Free Press

The big ticket item at City Hall, 3939 N. Drinkwater Blvd., this coming Tuesday is the swearing-in of two newly re-elected members and one freshman member of Scottsdale City Council, each to four-year terms.

At 4 p.m. Tuesday, Jan. 10, Scottsdale Councilwoman Solange Whitehead and Kathy Littelfield will be sworn-in for consecutive terms — the first for Ms. Whitehead the second for Ms. Littlefield — and Barry Graham will join the ranks of the elected at Scottsdale City Hall.

Scottsdale City Council will hear financial status

Following the swearing-in ceremony, Tuesday Jan. 10, the first major work study presentation for the new Scottsdale City Council will be the year-end financial report presented by City Treasurer Sonia Andrews, the meeting agenda states.

The city of Scottsdale appears to be in good financial position with funds anticipated to cover expenditures, the report show. Part of the presentation includes a breakdown of the municipal all-funds budget, which includes three revenue sources:

  • The General Fund at $354 million with an anticipated $333 million in expenditures, the report states
  • Other governmental funds at $262 million with an anticipated $250 million in expenditures, the report states.
  • Enterprise funds at $211 million with an anticipated $198 million in expenditures, the report states.

The presentation offers a rosy financial picture reporting the municipality collected $37.6 million more in sales tax collections than city staff had anticipated in fiscal year 2021-22. The financial presentation appears to provide a global view of the operating mechanisms that make the municipality tick.

In the report is another point of financial health, which is over the last fiscal year the city of Scottsdale has reduced both its Arizona State and Public Safety Personnel retirement system liability by just over $100 million collectively.

The report shows a current ASRS liability of $132.6 million and $177 million in public safety pension liability. Numbers show on June 30, 2021 the city owed a total of $421.6 million in liability compared to June 30, 2022, where the city now stands at a total liability of $309.6 million.

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